>> watching bloomberg technology. let's start with first word news. president trump is calling for a tougher immigration measure following tuesday's deadly terror attack. officials say the attackers was from quebec a stand and came to uzbekistanistan -- and came to the united states legally in 2010. >> we want a merit based program for people who come to our country based on merit. we went to get rid of chain migration. mark: officials had not said whether the suspect was admitted

through the diversity immigrant visa program which covers immigrants from countries with low rates of immigration. france has lifted their state of emergency officially for the first time in nearly two years. speaking in paris today the prime minister trying to assure tourists that the country will enjoy a good level of security thanks to their new cover -- counterterrorism laws. in iran vladimir was therefore a one-day trip. president putin said moscow will oppose any unilateral change to the agreement. president trump has refused to recertify video. an update on the appointment for the next fed chair. president trump has been said to pick jerome howell -- powell as the next leader of the u.s. federal bank. that is according to the wall street journal. bloomberg technology is next. ♪

emily: i am emily chang, and this is "bloomberg technology." coming up facebook third-quarter numbers tried expectations with the fallout from the tech industry. bloomberg has the numbers and mark zuckerberg's warning about profitability. tesla also reported third-quarter results with disappointing numbers. we will review the production setbacks for the highly anticipated model three. a bigger picture merges with the sophistication of expertise behind russia's influence campaign. we would you use some of the ads is by kremlin sponsored hackers and the fiery exchanges as we wrap update to and that hearings -- tech hearings in washington. to our lead. facebook recording another quarter of record sales despite a tough week on capitol hill. shares climbed to a record just before the earnings report and

have rise higher in extended trading. $10 million in a time above the top range from expectations. not bad for a quarter that was dominated by reports that russia alleged to have used the social network to meddle in the election. in a statement mark zuckerberg said facebook is serious about blocking abuse, stating we are investing so much insecurity that it will impact our profitability. protecting our community is more important than maximizing profits. they also said they plan to double the amount of people working on safety and security to 20,000. joining us now to discuss this is david kirkpatrick the ceo techonomy and the facebook effect. as well as debbie williams, i want to start with you. how significant to you see this -- do you think this is that theseuckerberg is saying

security concerns will impact profit? >> at emarketer we are more about looking at revenue. you mentioned at the top of the newscast that this shredded the quarterly expectations. they should hours as well. for us it is all about revenue up and to the right. everything they have reported this quarter is higher than we anticipated. emily: that said, david, you have taken a slightly different tack today. expressing concern about facebook shares, whether they will continue to go up as a result of all of this controversy. what is your thoughts on the results? shares have ak lot of reason to be strong. the very success of the russian effort would be to reassure advertisers that they are the right place to advertise. they are not going to stop magnetically attracting more and more ad dollars. the question is how much are they willing to spend and how much social capital are they willing to spend and corporate

capital. i think they really have to step up and take a fundamentally different attitude and their role for society. it goes way beyond election meddling. i have not seen that yet. emily: would you agree? >> no, i think this whole story is hypocritical. the cia has been doing the same thing all across the globe. the idea that russia is evil is ridiculous. the big mistake was by president obama when he declared rusher -- russia and vladimir putin was our friend and ridiculed mitt romney for predicting all of this. if the president of the united states thinks they are our friends why should facebook think they are evil? emily: but now that we have evidence should you think they do anything about it? >> i think they should do the same thing that tv does. that requires transparency. they do not allow foreign agents to buy ads to intentionally

affect the elections, the federal elections, but that is a very small category. it is not really what people are talking about. the news came out they spent about $48,000 on facebook which is a rounding error. even for the trump and clinton expenditures. they spend $81 million. russia spent $46,000. it was the most efficient or $6,000 in the history of advertising. emily: what is your response, david? david: i think what he said about the cia is right, but it is besides the point. these companies in particular have a social way that a commercial enterprise has never had an america or the world we don't really have a governmental regulatory or citizen response to that. political meddling is just one piece. senator warner today, a number of things are equally problematic, financial scams, other fraud, meddling of various social behavior.

this is not going to stop even if the whole russia thing went away tomorrow. facebook would be facing massive questions about their future. and why a company should be the one making decisions about what happens. emily: keith, mark zuckerberg speaking now on the facebook earning call says they are working with congress on legislation. even the company is taking some responsibility. keith: i don't think they will support any radical legislation. they may allow some incremental transparency. i think facebook should require real-world identity. i think they are predicated on real-world identity. i think stamping out fake accounts is a very good in and it is something users would expect. i don't think facebook should be subject to any incremental regulation that does not apply to tv, newspapers or billboards. emily: we got the first hint

today from facebook's testimony, from the lawyers instagram was also affected. what sort of significance to you think this will affect with the other businesses under the facebook umbrella whether it is instagram or whatsapp? >> it was new news that instagram came into this. i think it is possible we will see other platforms involved as well. i have to say though there is a lot going on. everything is new, and it is always exciting to see what facebook is doing it with what role they are playing, the debate over facebook is not going to end with this russia investigation. i do agree that there is a lot that facebook has to in terms of their role for society and role for understanding and helping people understand what is news and what is not news. there is many, many things going on that we will see over the coming months related to facebook and all their companies. emily: mark zuckerberg just that

he is dead serious about the russia problem. >> he should be serious, these -- but ultimately users are voting with their feet that they want to share this. facebook should be enabling users to share what they want to share. the national inquirer has also been in this business for 50 years. most of what they say is totally fabricated or false. people like to buy it and read it. similar to how they share stories of facebook. people would like to be entertaining, if you are a serious news platform you may have to make some editorial judgment. facebook userst are getting. emily: thank you for sticking with me. david, i will give you my last word. david: i think they have to behave as a media company which they should resist. the one thing i really agree about is they should double down on making sure people are they

-- people are who they say they are. that has been a fundamental design feature of the service but interestingly when they were at the committee hearing they lifted -- list of the effort they are making that is not on the list. that is problematic because they do not like to acknowledge have -- how many fake identities actually do exist on facebook which is many tens of millions. emily: all right, david kirkpatrick, debbie williams, thank you both. keith, you are with me for the hour. coming up, tesla earnings are on the production of the model three. we will break down those numbers next. this is bloomberg. ♪

♪ emily: shares of tesla falling in late trading after the company reports third-quarter

results. the company delaying a target for their critical model three production. that led to them making about 5000 of those cars by the first quarter of 2018 relevant the end -- rather than by the end of the year, a big disappointment for investors. joining me now is a reporter who covers all things tesla. what happened? they said they were going to be in production hell. as many suggest, now they are not going to make it. >> we know elon was camping with those numbers, they are having a lot of problems at the factory. they are still playing a lot of whack-a-mole with this delay. there is a delay of at least a quarter before they are going to start hitting their target. emily: do we have any indication what the problem is? >> it is a problem with the battery pack assembly. as they ramp up reduction, things may shift. -- production, things may shift. it is not the most confidence inspiring shareholder letter in

terms of production. >> what about it when it comes to record cash burn? >> they are going to continue to have cash needs as a company. emily: they have been talking about layoffs. >> there is a distinction there between layoffs and firing. they did not give a specific number. typically you would not do that when you are on a big rant. that will probably come up on today's call. >> which positions? >> it was across the board. a lot of it was solarcity because they acquired that last year and there was door-to-door sales. it was across that. emily: what kind of information you getting -- are you getting in terms of the model three? >> they initially wanted to make 5000 cars per week this year and now that will be late 2018. if you initially ordered a model

three, you're going to wait even longer. there are still tons of reservations, but eventually you're going to need to drive a car. emily: why push the schedule if it is indeed going to be so difficult to meet? ambitions he has big that he wants to solve, this climate change in a hurry. this whole sort of ramp up was pushed forward because demand was so strong. there is the opposite problem because there is lots of demand, but they have not been able to make the car. emily: how does the solar roof fit in? solar roof is still slowly happening. there is apparently more demand for the energy products, they talked about sending this to the puerto rico and how they will be growing part of the story going forward. right now investors just want to see model three on the road. emily: what about the other models?

they are seeing record demand and seeing record sales in the fourth quarter. they have not had to cannibalize their current product yet. that is good news. emily: i know you will be listening in on that. thank you. coming up, the senate and house talk about russian interference with the 2016 election. we will speak to one of the representatives of the house intelligence committee. this is bloomberg. ♪

♪ emily: we continue with the gopro as shares are falling. they first reported a profit in two years. the cost cuts are helping turn around the business after a difficult 2016 riddled with production delays and the closing of the media and entertainment unit. as we mentioned earlier facebook, twitter and google on appeared before the house

intelligence committee to answer lawmakers about possible russian interference in the 2016 election. i spoke to the republican representative from utah who serves on the committee and asked him if he was satisfied with the response the committee got from the lawyers. >> generally we are satisfied and they have faced an enormous challenge. when you look at how the russians were able to manipulate public media and public opinion. they did it in such a divisive way and they had a enormous challenge in trying to identify that. the best way to respond to that. i think the executives we have before us were very honest with their answers. it is not going to be easy. emily: do you buy the response that it is technically difficult to tell users that they were served russian ads and russian posts?

>> i don't know if i can answer that with authority. i don't want to disagree with them. i don't want to say they were not being honest. i think the answer is insufficient. if what they are telling us is true, we have to be able to dig deeper. we have to be able to develop policies and tools that will stop that from happening in the future. maybe that is the case now, it is not sufficient for what we need in the future elections. emily: these companies spent -- sent their top lawyers but not top executives. will you be trying to speak to mark zuckerberg or jack dorsey? >> yes, it may be more publicly interesting to see and talk with them. i don't think we would get a different answer. i understand why they sent their lawyers. sometimes we were asking very technical questions or very difficult questions. i understand they wanted somebody else to take the heat

and be the public face for this, but i don't know that they would have told us anything different. if that is the case there is not much advantage to having mark zuckerberg or any of the others. emily: do you think we will see regulation out of this? >> that is the real question. my question is, they talked about fake news again and again. we are going to identify it, and we will help the consumers understand this is fake news. i asked what does this mean? who is going to decide what is fake news and what is not? if you talk to mr. trump, his idea of fake news is very different than someone else's may be. if you are looking for a regulatory answer to this, that is an enormous challenge. i think at the end of the date you have to trust the american people that they will use some judgment and they will use some of their intellect to determine this. that does not sound right to me. in that spectrum there are facts

but most of what we may read or view has some degree of opinion. i don't know how you would try to regulate that. i think it would be a enormously complicated and the potential for that to turn into a political tool is very troubling to me. emily: what about government cooperation? what about legislation? >> that is another thing to do altogether. there is more we could do to further the cooperation between the government and private entities. in many cases these entities themselves in their own terms will not allow them to share information with each other. i wish they would break down that barrier and be our own and and paid this person or customer. we have identified as belonging to a russian troll. i would certainly hope they would share that information with each other. the same thing is true between the government especially the federal government and these private entities.

that is the type of information that could be shared and should be shared and many times right now it is not. emily: we have now seen indictments from the special counsel, you are doing your own investigation, where does that stand and what is next? >> the house intelligence committee has been looking at this for almost one year. we started looking at russian interference and we have tried to stay focused on that. these indictments we saw a few days ago have nothing to do with that. they were financial, apparently that happened years ago. in some cases it was several years before some of these individuals were associated with the trump campaign. if they did something wrong or if they were truly laundering money they should be held accountable for that. in the house we are really focusing on was there collusion, how do we stop that from happening in the future. how do we protect our elections

a year away from now? europe is experiencing much of the same thing. how do we assure the american people that foreign entities are not breaking down that trust and democracy and trust in our own election. emily: what do you need to see from the investigation and terms of evidence to act legally? >> i am not sure how to answer that. if we find evidence there was illegal activity then we will pursue that. we will write a report and if necessary we would refer that to the department of justice or in some cases the special counsel. -- we arey concern is not tasked with enforcing the law. our goal is to discover what

happened and tell the american people. some people are frustrated. they have been saying collusion for a long time. that truth is we have not seen evidence of collusion between the trump campaign and russians. we have seen some other activity that is concerning for us. we will continue to pursue that. as quick as possible report that to the american people. they deserve to know. it should not be in 10 years and it should be as quick as we can while still relevant. again to stop that from happening in the future. emily: my interview there with house intelligence committee member representative chris stewart. and a reminder bloomberg lp is developing a local news network -- global news network with twitter. kallick -- travis kalanick told board members tuesday that he wants to remove a provision that would prevent him from appointing for members in the future. the japanese company planned to

invest a potential $10 billion has not been finalized. a decision is expected soon. coming up, after this week's hearings on capitol hill, what will the future of political ads online be? we speak to a former executive that helps them craft their online presence next. you can watch us live. if you missed the interview you can go back to it. you can send our producers a message on air. it is for subscribers only. check it out. this is bloomberg. ♪

♪ singapore.d i'm haslinda amin with the latest news. bloomberg has been told that the republican tech build will impose a one-time tax of 12% of and taxation -- companies, 5% for non-cash holdings. an estimated $2.6 trillion is stashed offs are -- offshore. they also plan on phasing out the proposed corporate rate of decade.r a big tech remains under fire on capitol hill for the perceived slow response to russian meddling in the election.

the committee berated lawyers from google, facebook, and twitter. several members criticized social media for sending legal teams to answer questions, saying they want to speak to people at the top. of bank of england is expected to raise interest rates thursday thanhe third time in more a decade. with slow growth and brexit hanging over the outlook, the blank -- the bank is trying to slow the flight in the economy's long-term trend. governor mark carney has previously laid the groundwork for hikes without delivering them. day,l news 24 hours a powered by more than 2700 journalists and analysts in more than 120 countries. i'm haslinda amin. this is bloomberg. >> i am sophie kamaruddin with a trait -- check on the marke ts. shares in singapore and china

are leading laggards in the region. samsung related shares dragging the most as it readies to appoint a new cfo today. that is according to the news. the korean won is stronger along with most asian currencies. eyeing a line is and sand that traders have found difficult to cross. the kiwi and aussie dollar leading g10 gains. the aussie dollar fight -- finding support from trade in september. the base metal complexes looking a little more next this thursday, aluminum and copper on the back foot. the yen is gaining ground. the nikkei is claiming a third of a percent. honda is leading the boost in tokyo, the most in 10 months on its earnings. investors remain bullish ahead of a three-day weekend in japan, even as yamaha corp. is one of

the worst performers in tokyo. panasonic falling the most in a year due to concerns over production four teslas model three sedan. that is a look at the snapshot into midday in hong kong. this is bloomberg. ♪ weeks of waiting, the public finally got a look at some of the infamous alleged russian link ads that appeared on facebook, twitter and google as part of an alleged attempt to influence the 2016 election. according to senator mark warner, there is more to be worried about than just these ads. >> these are just the tip of a very large iceberg. the real story is the amount of misinformation and divisive content that was pushed for free on russian backed pages. it was then spread widely on newsfeeds of tens of millions of americans. emily: joining me now to discuss

, republican digital strategist a politicalorked as strategist at google, where he could usesee how they google in political campaigns. also joining me is my guest host for the hour. give us a little bit of the history on how political advertising has worked on online platforms like google and how it has evolved. >> it started in 2008 as the first year where campaigns and political organizations started working with companies like google and building their online presence, and it expended during my time in 2011 and 2014. obviously, the 2012 election, there were multiple teams that worked with campaigns, committees, and agencies on the best ways to use online advertising platforms to reach people the you advertising. emily: do you believe as a result of these revelations that

things need to change and how this political advertising needs -- works and how it is delivered? >> the biggest take away i had from listening to the hearings and in conversations is that this is a complex issue. at the beginning, it was focused around the advertising. senator warner and senator burr brought in national security applications of the organic things happening. for me, i see a complex advertisement side and organic side of what the companies are facing. emily: what is your response? >> the most interesting thing i saw today were how the ads were on both sides. they were pro-clinton and pro trump, extremists on both sides. it looks like the russians were really trying to sow chaos. they were more trying to create a mess in the u.s. that looks ideological, more chaotic environment, then actually have one candidate elected. this is more interesting and

provocative, and somewhat more complicated than what the mainstream media has covered so far. emily: some folks say the ads are not the problem at all. the bottom -- broader problem is this permit -- misinformation. warner is senator probably right where advertising is a small part of what people should be talking about in the run-up to the election. a lot of those organic posts and the way those are distributed probably should be a bigger focus on what people are talking about. emily: there's also discussion about whether a company like google should rethink political contributions. of course, many googlers contributed to the campaigns, especially to hillary clinton, is that something you believe the company should reconsider? downthink you are running a pretty slippery slope on those things. i think what is important to focus on right now, one of the things i was really shocked by

is the lack of knowledge across regulators and legislators and staff about how these companies work. i think there needs to be an effort to better educate the difference between advertising, impressions, views, versus organic. this is all relatively new for legislators. i think they can even trying to some of the younger members within conferences to talk to them about how to better use these platforms. emily: i assume you might agree with that. >> i'm surprised given the level of lobbying by google and , particularly in expenditures, that they had not educated staff and members as much as possible. i did lobbying on behalf of a pal in the day, and we had a syrup -- of paypal back in the day, and we had a thorough understanding of why it was important. i think the lobbyists failed them. there was not as much success as i would have expected. more importantly, one thing that is critical here is the conservative side of the aisle

is mostly getting allied with the left side of the aisle. conservatives are nervous about ideological views you asked about, about google employees giving money to hillary, and facebook employees being left-wing. they are pushing back on ideological neutrality. what you have is an odd alignment of the hard-core left and right, motivated by different reasons. that is dangerous for both google and facebook. if you get the left and right to coalesce, they could have a fundamental problem. emily: i'm curious on your thoughts on how youtube has coming up. the lawmakers have been repeatedly asking why they allowed russia today to continue to have a channel on youtube itself. >> as i tweeted earlier today, as far as i understand, there are cable broadcasting systems in the u.s. today that kaori -- carry their channel.i don't see why cable broadcasting can carry the channel and youtube can't. that is irrational. emily: anton, what kind of

changes do you think google should consider as a result of these issues, whether it is on google or youtube? >> when i think about the changes that need to happen , especially coming up with 2018, there are a few different aspects. some of it is on the company side and some of it is on the civic engagement side. chris stewart said it very well on a segment earlier around vigilance and voters looking into what is real and what's not, and validating sources online. there's definitely a civic engagement play. i don't think these companies are against disclosure. there are a lot of discussions -- sec disclosures, add disclosures, and dollar disclosure. it is a interesting way to go. i think you are looking to work with legislators to how to do disclosure in a practical way. when you think about the hundreds of thousands, if not millions of ads that are being run by legit organizations. emily: thank you for joining us.

keith, you are sticking with me. a reminder bloomberg lp is , developing a global news network with twitter. now we continue to monitor a slew of tech earnings coming out.qualcomm regarding earners of $.92 a share on revenue of $6 billion, beating the top and bottom line. the chipmaker is still caught in a deepening legal dispute with apple. they are forecasting revenue up to $6.3 billion in the current quarter. more coverage on today's big tech hearings on capitol hill. here is what sheryl sandberg had to say about the future of reviewing ads unfazed look -- on facebook. the earnings call ended just a few minutes ago. >> we are investing heavily in people to review ads and posts, enabling us to look closely at the content of the ads, targeting, and the advertiser who submits them, as well as tighten as policies, particularly on social and political issues. ♪

emily: back to the top tech story of the day, facebook, twitter, and output that being questioned on capitol hill on russian interference in last year's election. the tech giants sent general behalf,s on the companys' and lawmakers had a lot to say about it. >> i have to say, i am disappointed that you are here. it is fine to send general counsel, but i think if you could take a message back from this committee, if we go through this exercise again, we would appreciate seeing the top people more actually making the decision. emily: how big a deal is it that each ceo decided against showing face? here with me to discuss is bloomberg tech's selina wang,

and our guest host for the hour, keith rabois. do you think it is a big deal that mark zuckerberg did not show up? >> i don't think the senate really wanted him to show up. if they want to the ceos to show up, they would have scheduled it when he wasn't in china. this was a done deal. angus king is just speaking for himself. he probably violated an agreement they have. this happens all the time with public company ceos. this is totally fraudulent. bottom line is this isn't done, they still could ask for them to come to capitol hill. >> i guess google's defense is that ken walker runs their policy team and can speak to the issues more clearly, more than larry. he's more involved day-to-day. reporter: and jack dorsey was just at a square event in new york city. he's definitely not going to be in washington dc. it is telling that he's running

to companies. he only has so much time. emily: another point that senator warner made an effort to point out is that these investigations are not over. take a listen to something else from senator warner today. sen. warner: do you believe any of your companies had identified the full scope of russian active measures on your platform? yes or no. >> senator, our investigation continues, so i would have to say no, certainly not with certainty. >> know, and we are still working on those. >> we have not done a comprehensive investigation, but these are ongoing issue and we continue to investigate. emily: so we still don't know the full extent of this. do you maintain its not important? >> i think everyone is being totally hypocritical. they are showboating. that is why the ceos were advised not to attend. not going tore watch hearings with general

councils testifying. imagine my parents watching the general counsel. board.ifd be the ceos show up, it is a more spectacular event. it is very newsworthy and people will tune in to see mark or larry. that's not what the companies want. they don't want everyone in america tuning in. it is a very calibrated decision. they may eventually have to if they continue to mis-play these cards. everyone is being hypocritical. more people listened to terrestrial radio today than actually logging into facebook. why aren't we calling radio companies? emily: you have to admit facebook has a big influence -- >> i'm not sure it really does. there's no evidence. show me one study that shows the electorate in 2016 was more or less informed than americans in history. >> i could push back and say facebook earnings are at blowout earnings a quarter. google talked about having 100 million hours a day on youtube. google has talked consistently

about their pitch to advertisers saying they are better than tv, more granular reach and targeted reach. now they are saying that the targeting is not that effective. >> but in the grand scheme of things, all political advertising in the u.s. is 1% of coax budget --diet coke's budget. emily: i have seen them. [laughter] >> but you look for the baby photos. but there are posts coming into your own curated feed that you think are from people that you know, having a bigger impact than broadcast or radio. >> it's true, but they are my friends. my friends have the right to share any content they want unless it violates laws. nobody in the congress, senate, house, or in america should try to stop that. a 65t the house put out page long about russian bots on trader -- twitter. clearly what today demonstrated,

-- twitter has been aware of this problem for a long time. and now it seems i congress is waking up to what is really happening. >> facebook i think the user expectation is that people are real. there is something facebook should do about that, because it is inconsistent with the platform's design and the vision of the company. twitter has encouraged fake accounts to encourage dissident in other countries. in twitter, the user knows it is not necessarily a real person, so the expectation is pretty reasonable. emily: what about if what they are sharing is fake news? >> i don't think there is a definition of fake news that people agree with, particularly the political content. i have the right to say hillary clinton. is a crook that isn't face news. -- hillary clinton is a crook. that isn't fake news. emily: but there is

misinformation about the las vegas shooting. what people are objecting to is a mixture of fact and opinion. it is up to regulators to stamp out how facebook edits. emily: another point that came were asked ify there were any overlap in the material posted by the russian troll farms and advertising by the trump campaign. twitter said no, they had an answer but did not provide it. reporter: that is questionable and remains to be seen. it looks like twitter did find something and were not prepared to share it. this was the main purpose of the hearing. we didn't actually find all that much about whether there was any sophisticated collusion. emily: you are smiling. >> collision would be interesting, and that is an angle the government should absolutely investigate. that is different than someone buying ads or sharing something that may be false. it's interesting that facebook concluded that did not happen.

twitter executes more slowly than facebook, so it's not surprising they did not have an answer. emily: keith rabois, great to have you. selina wang, and mark bergen of "bloomberg technology." it's not over, i'm sure we will be debating this into the future. more reaction today, tech earnings results, including tesla. elon musk says the model three is a 10 year program, even though most cars stay on the market six to seven years before getting an overhaul. a quick programming note. tune into bloomberg tv this thursday with an exclusive conversation with a goldman sachs ceo. this is bloomberg. ♪

emily: new york city could very well be home to amazon's second headquarters. according to a new study the big apple topped the most probable list. mainly due to its extensive mass transit network. the study scored cities based on

outlined in their proposal. san francisco ranked washington, second. d.c. was third on the list read . earnings season is starting to wind down for tech companies and facebook reported another record quarter. apple will record third-quarter numbers thursday. here to talk about earnings is giles.cutive editor tom let's start with facebook. we've been talking about facebook throughout the show. mark zuckerberg doubling down and saying he's serious about the pressure problem, and still the numbers are blowing it out of the water. reporter: no matter how much controversy they face in washington dc, i know we have been talking about it a lot, but facebook continues to dominate digital advertising. they and google are duking it out in this duopoly they have. the numbers reflect that people

continue to look to facebook to be the way they reach various audiences. we have seen this played out at the hearings. just a small number of -- a number of russian actors knew how you could use facebook in a sadisti -- sophisticated way to target groups. you could target people between the ages of x and y. you can be specific for not a lot of money. on number of advertisers are still flocking to facebook. emily: including the russians. reporter: a little too effectively, as it turns out. people recognize this is where so many people are spending so much time interacting with each other, making decisions, learning about things, sometimes ill-informed, sometimes misinformation, obviously. people are spending a lot of time there. and more people -- that is the other thing we saw today. facebook gained more users. they are reaching a wide swath

of the world's population. emily: that's why this conversation about how big facebook is and what its responsibility is in the midst of these allegations are important. let's move on to tesla. elon musk says they are missing delivery targets for the model three.the headline tesla past 250,000 in cumulative sales. did the skeptics predict that? reporter: here's the thing with tesla. it is all about the production. it's all about can they get these cars into people's garages? there -- these are very sophisticated cars. if you have driven one, you know what it's like. getting them right, and he is a stickler for details. the seats, for example. i'm always fascinated in the detail just of the seats. emily: the door handle. reporter: they are very sophisticated.

getting them right is a very difficult thing, always a challenge for tesla. you have to ask this question, as sophisticated as the technology is, people want to think about tesla as a tech uto company. an oua if you can't get the cars in the right place in the right combination, all the advances do not make a difference. emily: even if he is sleeping in a sleeping bag on the floor of the production line, essentially. it seems like this is a battery is simply issue. it is something we will continue to monitor. tom giles, thank you so much for stopping by. "bloomberg technology." that does it for this edition of -- that does it for this edition of "bloomberg technology." we will continue to have more reaction from the hearings on capitol hill. we will hear from the former twitter ceo. that is all for now. this is bloomberg. ♪ is this a phone?

or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. wrecks --

>> many people have no idea the equity in their home is unprotected. talked to a lot of people